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Public choice and the modern welfare state
[unknown]
The Elgar Companion to Public Choice, Second Edition
unpublished
In the 25-year period between 1960 and 1985, social insurance and transfer programs expanded greatly in all Western countries. The fraction of GDP accounted for by government expenditures approximately doubled in much of Europe and grew by 40% to 50% in most other OECD nations. After 1985, there has been relatively little growth in the scope of the welfare state relative to other parts of the economy. This chapter summarizes public choice and related research on the political economy of the
doi:10.4337/9781849806039.00035
fatcat:mieipgggdrhdplapr5t5b3on7m